The market remains in a downtrend, though wave analysis indicates a potential end to the current trend.
The medium-term movement vector of Litecoin indicates the formation of a Triple Three wave structure. Now the formation of the wave [xx] is completed and the beginning of an upward movement within the wave [z] is expected.
According to a lower-degree wave structure, Litecoin is now moving within the ABC zigzag. In this case, the price is likely completing the formation of the wave (c).
To summarize, at the moment the Litecoin chart is maintaining a downward movement vector. However, the corrective wave is in the final stage of formation.
In this situation, long positions are prioritized.
Litecoin H1: Wave Analysis for the Asian Session on 29.7.2025
